China Exim Bank
We acted for China Eximbank in connection with the financing of China's Sinosteel Corporation's US$1.3 billion successful bid for Australian iron ore miner Midwest Corporation.
Hunan Valin
We acted for Chinese company Hunan Valin Steel Tube & Wire Joint Stock Co., Ltd (Hunan Valin) in its acquisition of a 11.4% stake in Australian iron ore explorer Golden West Resources Limited.
Telstra acquisition of online businesses in China
We acted for Telstra in its acquisition of a 55% stake in each of Norstar Media and Autohome/PCPop, two leading Chinese online advertising businesses.
Boeing - expansion of BHA Aero Composites Parts Co
We advised Boeing on the US$21 million expansion of BHA Aero Composites Parts Co, a joint venture with China Aviation Industry Corporation.
Acquisition by Dynasty Property Investment Limited (DPIL) on nine commercial retail properties in the People’s Republic of China
We were the lead lawyers to DPIL on its acquisition of nine commercial retail properties in China. The acquisition involved a shift of ownership of the target properties from onshore to offshore which is relatively new to China. We also advised DPIL on a US$150 million facility secured for the acquisition from a syndicate of lenders. We understand that this is one of the largest transactions involving offshore financing of Chinese real property.
Acquisition by China Huaneng Group of a 25.5% interest in the Monto Coal Project from Macarthur Coal Pty Ltd
We are acting for China Huaneng Group, the largest Chinese power generator. This is the second time we have acted for the Group. Before this, we successfully acted on its acquisition of two coal fired supercritical power stations from InterGen. The Monto Coal Project is a greenfield thermal coal mine located in central Queensland.
Baoye Group - acquisition of real estate development company in Hefei, China (connected transaction)
Our lawyers acted for Baoye as Hong Kong legal advisers in an acquisition of certain equity interests in a real estate development company in Hefei, China for US$18 million.
Acquisition of properties in mainland China
We act for one of the largest managers of unlisted commercial property investments in Australia in the acquisition of certain properties in China. The properties are mainly hypermarkets and supermarkets located in Changsha and Xian.
China Huaneng Group’s acquisition of 50% of OzGen
We advised China Huaneng Group on all aspects of the US$227 million acquisition of a 50% share of OzGen, the holding company for InterGen’s Australian power generation assets. OzGen owns a 50% indirect interest in Callide and a 53.7% interest in Millmerran, two coal-fired supercritical power stations in Queensland, Australia. This was the first offshore investment in a major power generating asset by a state-owned China power enterprise. We advised on all aspects of China Huaneng Group’s bid including negotiation of the sale documentation and shareholders agreement. The complex investment structure involves the underlying assets project financed in a separate joint venture and partnership and governance arrangements involving several offshore entities in different jurisdictions.
“The presence of lawyers with both Mandarin and English capabilities affords this practice the edge in a competitive market. "
Chambers Global Guide 2004-2005
